After the 2008 financial crisis, US money managers took control of big banks and industries across Europe. Former Russian ambassador to the UK and Rossiya Segodnya deputy chief Alexander Yakovenko reveals how.
What Are Mega-Funds?
US asset managers BlackRock, Vanguard, Fidelity, State Street, Morgan Stanley and JPMorgan Chase control a combined $36.4T+ in wealth.
That's MASSIVE power to consolidate control in systemically important industries worldwide — including Europe.
Mega-funds enjoy strong patronage from the US government, which uses the Fed, courts, sanctions and scandals to deal blows to foreign competitors before US capital swoops in to buy them out.